69 Green Investors Lining up a Wad

Spring has fully sprung, and May begun, and it’s a good news day so I am going to start posting regularly about California Bright Spots from a new website, which focuses on Clean Energy and Jobs in the Golden State.

Today’s snippet comes from the LA Times (tip of the hat to Tiffany) about venture capital investment in clean tech companies. The bottomline is it continues apace. In the last quarter, 69 deals in the US raised $1.1 billion for start ups compared to $743 million in the first quarter last year.

California had the lion’s share of the deals – 30 compared to nearest next state Massachusetts, which had 7. And as a point of pride for SFGate readers, Northern California bagged the most with 24 deals bringing in $505 million investment to the region, compared with 32 deals worth $332 million in the same period last year.